Here Comes Chinese Stimulus, Back to Save Market Bulls
published Jul 25, 2018, 7:35:08 PM, by Sid Verma and Luke Kawa (Bloomberg) — The Beijing “put” is back. China’s bid to boost policy stimulus to barricade its domestic economy from the brewing trade war is breathing life into risk assets battered by liquidity and geopolitical angst. Among the winners:
How to Become One of the 401(k) Millionaires: Barry Ritholtz
published Jul 23, 2018 11:00:18 AM, by Barry Ritholtz (Bloomberg Opinion) — There are a lot of misconceptions about so-called corporate qualified plans, the best known of which are 401(k)s. Much of the misunderstanding stems from several articles about a Fidelity Investments report on how many of its clients had
Devotional 7/25: A Meeting with Mike Pence
Friday, July 13th 2018, on the same day Mr. Trump was being mocked in London, Mike Pence came to Chicago to talk about the new tax law. I had always admired Mr. Pence and thought Mr. Trump choosing him as his Vice-President was a bold move considering how much controversy
Ivanka Trump’s Clothing Line to Shut Down
published Jul 24, 2018 3:49:45 PM, by Kim Bhasin, Matthew Boyle and Hema Parmar (Bloomberg) — Ivanka Trump, the president’s daughter, is pulling the plug on Ivanka Trump, the purveyor of womens’ fashion. After a year and a half of sporadic controversy over potential conflicts of interest, Trump, a White
Facebook Discriminatory Ad Accord Seen as Far From Final Fix
published Jul 24, 2018 5:45:59 PM, by Joel Rosenblatt (Bloomberg) — Facebook Inc. can no longer block minorities or other groups from seeing advertisements, according to an agreement with Washington state. Facebook signed a binding agreement to modify its advertising platform so that third parties can’t discriminate based on ethnicity,
New Yorkers Trying to Flee High State Taxes Find Moving Isn’t So Easy
published Jul 23, 2018, 3:00:00 AM, by Ben Steverman and Simone Foxman (Bloomberg) — Among the wealthy tri-state-area set, there’s more buzz than ever about fleeing south to Florida, land of mild winters and, more importantly after last year’s federal tax overhaul, zero state personal income tax. Actual action? Pretty
Rising Profits Meet Trade Fears as Commodity Producers Report
published Jul 23, 2018, 6:00:00 PM, by Luzi Ann Javier (Bloomberg) — Investors will probably like most of what they see when energy, mining and farm-products companies report earnings for the most recent quarter. It’s the rest of the year they’re worried about. Commodity bellwethers including Exxon Mobil Corp., Freeport-McMoRan
Oil Demand Outlook Clouded by Emerging Economies’ Currency Pain
published Jul 23, 2018, 6:01:11 PM, by Irene Garcia Perez, Prejula Prem and Alex Longley (Bloomberg) — Being an emerging-market economy can be tough when oil prices surge and your currency crumbles. While Brent crude, the global benchmark, has advanced 11 percent this year in dollar terms, it’s gone up
Lucky Number 13: SpaceX Sends Telstar Satellite Into Orbit
published Jul 22, 2018 7:47:51 AM, by Dana Hull and Jim Jia (Bloomberg) — Space Exploration Technologies Corp. launched a satellite for customer Telstar early Sunday, marking the 13th launch of the year for the closely held company led by Elon Musk. SpaceX launched its Falcon 9 rocket carrying the
Europe Shows Unity in Confronting U.S. Trade Policy: G-20 Update
published Jul 22, 2018 2:21:46 PM, by Bloomberg News (Bloomberg) — Finance chiefs from the world’s leading economies met in Buenos Aires at the weekend as trade tensions threaten to undermine the fastest growth in seven years. Finance ministers and central bank chiefs met after U.S. President Donald Trump on